Bluglass Ltd Quarterly Activities Update
Key points
- Received A$1.4 million Phase II contract from U.S. company Uviquity
- Secured A$8.0 million R&D financing facility with Rockford
- Appointed major shareholder Yam Rubenstein as Non-Executive Director
- Received A$6.1 million FY26 R&D Tax Incentive refund
- Continued advancing customer-funded development programs
Full summary
Bluglass Ltd, a developer and manufacturer of visible gallium nitride (GaN) lasers, reported its Q1 FY27 activities. Highlights include a Phase II contract worth A$1.4 million from U.S. company Uviquity, a new A$8.0 million R&D financing facility with Rockford, and the appointment of major shareholder Yam Rubenstein as Non-Executive Director. Bluglass also received a A$6.1 million FY26 R&D Tax Incentive refund, with A$2.75 million applied to a Rockford loan repayment. The company continued to advance its customer-funded development programs and visible GaN laser opportunities, focusing on achieving customer milestones and improving manufacturing repeatability.
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